CDMA mobile operator Reliance Communication on Wednesday reduced international calling rates upto 66 per cent for consumers using global calling cards of different denominations.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The MTN-Reliance Communications merger, if it gets through, will create a telecom behemoth of 115 million subscribers in 25 countries.
MindSquare Technologies is a group company of 1neoteric Technology.
Reliance Communication Ventures on Monday got listed at the Bombay Stock Exchange opening strongly at Rs 290 a share.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
Reliance Communication Inc (USA), owned by Reliance Group, has acquired licence for setting up telecom network in US and UK, a move which will bring down the cost of international long distance calls substantially.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
Although the industry is disappointed with the government decision not to lower spectrum prices at a time telcos are saddled with over Rs 4-trillion debt and an estimated Rs 1.43-trillion licence fee dues, the DCC has relaxed the payment structure to offer some relief to the financially stressed sector.
Anil Ambani group company Reliance Communications on Monday posted a net profit after tax at Rs 8.45 crore (Rs 84.5 million) for the quarter ended June 30, 2006.
The total number of telephone connections in the country crossed the record one billion mark in May, bolstered by growth in number of mobile users.
Indian telecom seems to be getting back on its feet.
Over 1,42,000 people have been rescued from the flood-ravaged parts of Jammu and Kashmir so far, as the relief operations launched by the Armed forces entered the 12th day on Saturday.
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
Facebook Inc is launching an open platform for online content and application developers to join its Internet.org service.
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Cellular Operators Association of India (COAI) and Association of Unified Telcom Service Providers of India (AUSPI) have opposed the proposal to compensate consumers.
India's telecom sector has been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies. India could go back to a private sector duopoly with just Reliance Jio and Bharti Airtel surviving the mayhem. The third player, Vodafone Idea, could be history.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
The case relates to the company allegedly developing a software that helps users increase probability of a child of particular gender.
Analysts attribute this outperformance to the government's proactive economic reform measures
The restraint on part of investors was chiefly because of RBI's minutes of its December policy meeting, which showed that some members were concerned about rising oil prices, its inflationary impact and possibility of fiscal slippage.
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
This is a significant move by Facebook considering the backlash it had from various quarters in India following debates on net neutrality
Telecom Minister Ravi Shankar Prasad said that there were 31 complaints of call drops against the company in 2015
The programme has triggered a huge debate in India.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Telecom regulator TRAI has imposed cumulative penalty of Rs 50 lakh on nine mobile operators for failing to meet quality of service benchmarks in the second quarter ended June 2013, official sources said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
Trai chairman Rahul Khullar says concept not practised strictly even in countries like the US and the UK.
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